Finally Satyam will have Tech Mahindra as its new owner

Hats off to the government for doing the right thing right the first time in the case of the Satyam scam. The government moved fast and took advanatge of the existing laws to save jobs and the company. Finally, today Satyam will get its new owner – Tech Mahindra. Today, I can say that I am proud of my government ( a rare occassion). They deserve a pat on the back for taking prompt decision. This is the first time the politicians have thought about the citizens of this country.

However, the job of the government is not complete. The people behind the fraud should be punished severely and quickly. The assets of Raju and his family should be confiscated and returned to Satyam shareholders who lost the money because of the scam. Also, institutional investors who divested stock knowingly should be taken to task. Nobody should be spared so that people do not have the nerve to even think of looting public money for their own benefit.

Avinash Narula

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